Lok Sabha polls 2024: The BJP has sought suggestions from the public to formulate its poll manifesto ahead of elections. “Your inputs will shape BJP's 2024 election manifesto,” a BJP poster read.
Read MoreInterim Budget 2024: The union budget is to be presented by the Finance Minister on 1st February. It will be an interim budget this time since the general elections are to be held in May this year. Though probabilities remain low on any spectacular announcements, nevertheless expectations of some adjustments does remain alive.
Read MoreBudget 2024 Expectations: The commodity markets have emerged as a robust exchange to manage the risk associated with the trading of commodities in India. However, the growth has slowed down since the Commodity Transaction Tax (CTT) was introduced in 2013. There is still a tremendous amount of unfinished agenda for the commodity markets. The interim budget 2024 could be a good beginning to address these long-pending issues.
Read MoreSource: https://www.livemint.com/economy/cut-deficit-to-5-4-in-fy25-ind-body-to-govt-11706119216028.html
New Delhi: The government should stick to its fiscal deficit target of 5.9% in the current financial year and aim to narrow this to around 5.4% in FY25, a goal that would require boosting revenue receipts and rationalizing spending, industry lobby Confederation of Indian Industry (CII) said.
Read MoreBudget 2024 Expectations Live Updates: With the forthcoming Budget 2024 in India generating heightened anticipation, a wide spectrum of sectors looks forward to the announcements and fiscal policies from FM Nirmala Sitharaman that will influence their unique domains. Ranging from agriculture, infrastructure, and healthcare to education, finance, and manufacturing, each sector harbors specific expectations regarding allocations and reforms. United in their fiscal agenda, these sectors express their collective aspirations for a budget that propels growth, fosters innovation, and enhances societal well-being.
Read MoreNew Delhi: Apparel exporters body AEPC on Wednesday sought tax incentives such as uniformity in GST and enhanced interest subsidies to boost domestic manufacturing and India's outbound shipments.
Read MoreIndia's nascent space sector has sought a liberal FDI policy on par with the defence industry and production-linked incentive in the interim Budget that the government will present next week.
Read MoreAs the Indian government gears up for the Interim Budget announcement in February, leaders in the electric vehicle (EV) industry are optimistic about crucial reforms that could further help the sector's growth. The statements from prominent figures in the industry shed light on their expectations and aspirations for a budget that addresses key issues and supports the EV landscape.
Read MoreSource: https://www.livemint.com/news/new-gst-rate-has-sent-sector-back-by-months-11706021190789.html
Mumbai: The gaming industry had an eventful 2023. First, the ministry of electronics and information technology (MeitY) emerged as its nodal ministry, offering a clear, designated channel for industry interaction. Then came a big setback with the sharp increase in GST rate. In an exclusive interview, Bhavin Pandya, co-founder and co-CEO of Games24x7, discussed the government’s apprehensions, the industry’s quest for regulations, repercussions of the tax rise, investor outlook, and the pathway for future growth amid perception hurdles. Edited excerpts:
Read MoreFinance Minister Nirmala Sitharaman will unveil the Interim Budget for the financial year 2024-2025 (FY25) on February 1, 2024, which is likely to keep the focus on fiscal consolidation and nominal economic growth projection and may not involve any major policy changes.
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